LiveRamp (NYSE:RAMP) Upgraded at StockNews.com

StockNews.com upgraded shares of LiveRamp (NYSE:RAMP) from a buy rating to a strong-buy rating in a research note released on Sunday morning.

A number of other equities analysts have also issued reports on the company. Benchmark lowered their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Wells Fargo & Company initiated coverage on LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target for the company. Finally, Macquarie reaffirmed an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $41.14.

LiveRamp Stock Up 0.7 %

Shares of LiveRamp stock opened at $30.90 on Friday. The company has a market capitalization of $2.02 billion, a P/E ratio of 618.12 and a beta of 0.97. The company has a 50 day moving average of $28.61 and a 200 day moving average of $27.83. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.66.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The company had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, research analysts anticipate that LiveRamp will post 0.36 earnings per share for the current fiscal year.

Insider Activity

In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total value of $244,808.55. Following the sale, the director now directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the insider now owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently made changes to their positions in RAMP. American Capital Management Inc. increased its position in shares of LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after acquiring an additional 916,578 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new stake in LiveRamp during the 2nd quarter worth $13,214,000. Assenagon Asset Management S.A. increased its holdings in LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after purchasing an additional 294,743 shares in the last quarter. Invenomic Capital Management LP raised its position in LiveRamp by 257.7% in the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after purchasing an additional 243,198 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of LiveRamp by 143.8% during the second quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after purchasing an additional 233,329 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Company Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.